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Stanley Black & Decker to buy remaining stake in MTD Holdings for $1.6 billion in cash

Stanley Black & Decker to buy remaining stake in MTD Holdings for $1.6 billion in cash

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Stanley Black & Decker Inc. SWK, +0.18% announced Tuesday an agreement to pay $1.6 billion in cash to buy the 80% stake in outdoor power equipment maker MTD Holdings Inc. that it doesn’t already own. MTD has recorded revenue of $2.5 billion in the last 12 months.

...read full article on Market Watch

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